OSI Food Solutions Receives Its Third Globe of Honor

OSI Food Solutions began as a butchery in Chicago, Illinois. This was in 1909. By the 1950s, the company had partnered up with McDonald’s – when the franchise was first born. They have been supplying McDonald’s, and other fast food restaurants, with fresh meat products for years.

OSI Food Solutions’s success could be owed to their motivation and drive. The company is always expanding and purchasing new facilities. One of their recent acquisitions was Flagship Europe, a supplier of frozen poultry, pies, sauces, and dressings.

“This is another exciting and progressive development for Flagship Europe,” said Russell Maddock, a chief executive of Flagship Europe. He went on to explain that the increased resources that will be available to his organization will allow them to reach new clients and new markets.

David McDonald, the president and COO of OSI Food Solutions was equally optimistic, saying: “Adding Flagship to our OSI Europe business gives OSI a broader presence in Europe. The company’s portfolio of products and brands complements OSI’s current processing strengths.”

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Baho Foods, a Dutch company, was also another recent acquisition of OSI Food Solution. Baho Foods produces snacks, deli meats, and other convenient items. Along with Baho Foods, the purchase comes with five subsidiaries: Q Smart Life, Bakx Foods, Henri van de Bilt, Gelderland Frischwaren, and Vital Convenience.

Baho Food’s managers will remain in the company. They will work alongside some of OSI’s top people to come up with a growth strategy to benefit both companies.

OSI Food Solutions has also received three Globe of Honors. They received the award in 2013, 2015, and 2016. The Globe of Honor is only given to companies that put thought into their environmental management. The 2016 award ceremony was held in Drapers’ Hall in London, England. OSI Food Solutions was just one of the 18 companies to receive the award.

Source: https://stellenmarkt.faz.net/jobsuche/osi-food-solutions-germany-gmbh.47447.html

NEW DEVCO FACE

New Brunswick Development Corporation commonly known as DEVCO was created in the mid-1970s to carry out redevelopment projects. Since inception, the company has seen more than 1.6 billion dollars in investment to aid in Brunswick’s economic revitalization. The new Brunswick is a model for the Atlantic City Development that is hoped to save Atlantic City from the debts incurred.

The unpaid CRDA loan raises questions about New Brunswick Devco on whether it can stand and surpass the debt level that has caught up with it to reach a point of paying for the loans they took. The 235 room Heldrich that opened in 2007 has struggled to attract guests having an occupancy rate of 63%. The hotel was, so cash strapped that the corporation had to tap 776,000 dollars of its money to fund capital expenses. According to Chris Paladino who heads the company the CRDA would be paid though it would take more years before that materializes.
According to the article that was written on Press Atlantic City, the 20 million was part of a 107 million in financing brought together to build the Heldrich. Those bonds were to be paid with revenue from the hotel though it has been unable to raise the funds. While the New Brunswick arranged to finance for the Heldrich the Middlesex County Improvement Authority was formally, the borrower of the 20 million.
The CRDA director John Palmieri is confident that the loan will be paid and even stated that they gave the loan knowing that they will be among the last to paid thus the issues should not be an alarm as they make risky decisions every day regarding loan and that is part of their job.